AceTraderForex June 21: Forex Market Outlook on Asian Exotics USD/SGD


[B]DAILY USD/SGD OUTLOOK - 1.2725

21 Jun 2013 02:53GMT[/B]

Y’day’s rally to fresh 11-month high at 1.2774 suggests MT upmove remains in force n further gain to 1.2793 is envisaged after consolidation.

Hold long with stop as indicated n only below 1.2670 wud signal temp. top is made, risk 1.2632.

STRATEGY : Long at 1.2720

POSITION : Long at 1.2720

OBJECTIVE : 1.2790

STOP-LOSS : 1.2690

RES : 1.2774/1.2793/1.2847

SUP : 1.2670/1.2632/1.2594

[B]DAILY USD/SGD OUTLOOK - 1.2700
16 Aug 2013 [I]03:53GMT[/I][/B]

Usd’s selloff fm 1.2756 Thur signals corrective
rise fm Aug’s low at 1.2562 has made a top n weak-
ness twd 1.2636 (61.8% r) is envisaged.

Turn short on recovery n only abv 1.2740/50 may
risk re-test of Aug’s peak at 1.2769.

[B]STRATEGY[/B] : Hold short

[B]POSITION[/B] : Short at 1.2700

[B]OBJECTIVE[/B] : 1.2640

[B]STOP-LOSS[/B] : 1.2735

[B]RES[/B] : 1.2722/1.2756/1.2769

[B]SUP[/B] : 1.2673/1.2655/1.2620

[B]DAILY USD/SGD OUTLOOK - 1.2836
27 Aug 2013 [I]06:49GMT [/I][/B]

Usd’s rebound fm Mon’s 1.2776/77 low signals pull
back fm last Thur’s 13-mth peak at 1.2862 has ended
there n abv said top wud extend gain twd 1.2893.

Hold long for this move n only a daily close be-
low 1.2776 may risk stronger retrace. to 1.2734.

[B]STRATEGY [/B]: Long at 1.2800

[B]POSITION[/B] : Long at 1.2800

[B]OBJECTIVE[/B] : 1.2870

[B]STOP-LOSS[/B] : 1.2775

[B]RES[/B] : 1.2862/1.2893/1.2927

[B]SUP[/B] : 1.2776/1.2734/1.2678

[B]DAILY USD/SGD OUTLOOK - 1.2443
19 Sep 2013[/B] [I]04:11GMT[/I]

Despite usd’s rebound after selloff to 1.2423,
as this move signals the decline fm 1.2862 (Aug)
remains in force n yields re-test of said lvl.

Sell on recovery due to o/sold condition n only
abv 1.2536/40 suggests temp. low made, 1.2580/84.

[B]STRATEGY :[/B] Sell at 1.2495

[B]OBJECTIVE :[/B] 1.2435

[B]STOP-LOSS :[/B] 1.2525

[B]RES :[/B] 1.2464/1.2584/1.2610

[B]SUP :[/B] 1.2464/1.2422/1.2407

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2549
[B]25 Sep 2013 [/B][I]00:01GMT[/I]

Y’day’s anticipated gain to 1.2559 signals cor-
rective rise fm last Thur’s 3-mth low at 1.2422 wud
extend to 1.2595/00 b4 prospect of a retreat later.

Buy again on dips for 1.2595 n only below 1.2496
signals recovery is possibly over, risks 1.2479/84.

[B]STRATEGY :[/B] Buy at 1.2530

[B]OBJECTIVE :[/B] 1.2595

[B]STOP-LOSS :[/B] 1.2495

[B]RES :[/B] 1.2559/1.2584/1.2610

[B]SUP :[/B] 1.2524/1.2496/1.2479

[B]DAILY USD/SGD OUTLOOK [/B]- 1.2553
[B]27 Sep 2013[/B] [I]00:03GMT[/I]

Y’day’s rebound fm 1.2523 signals pullback fm
Wed’s 1.2573 high has edned n upmove fm last Thur’s
3-mth low at 1.2422 wud head to 1.2600/10 ‘later’.

Hold long for this move n only a daily close be-
low 1.2515 (38.2% r) risks weakness to 1.2479.

[B]STRATEGY :[/B] Long at 1.2545

[B]POSITION :[/B] Long at 1.2545

[B]OBJECTIVE :[/B] 1.2600

[B]STOP-LOSS :[/B] 1.2520

[B]RES :[/B] 1.2584/1.2610/1.2647

[B]SUP :[/B] 1.2523/1.2496/1.2479

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2570
[B]29 Sep 2013[/B] [I]23:44GMT[/I]

Present breach of last Wed’s high at 1.2573 suggests rise fm Sep’s 3-mth low at 1.2422 wud extend to 1.2584, then 1.2610 after consolidation.
Hold long for this move n only a daily close below 1.2523 signals top is made, risks 1.2495/98.

[B]STRATEGY :[/B] Long at 1.2545

[B]POSITION :[/B] Long at 1.2545

[B]OBJECTIVE :[/B] 1.2600

[B]STOP-LOSS : [/B]1.2550

[B]RES :[/B] 1.2584/1.2610/1.2647

[B]SUP :[/B] 1.2523/1.2496/1.2479

Do you know a broker that has Asian Exotics available with good spreads?

Sorry we don’t have any recommendation on this.

[B]DAILY USD/SGD OUTLOOK - 1.2511
09 Oct 2013[/B] [I]05:41GMT[/I]

Present break of y’day’s 1.2507 high due to usd’s
broad-based strength suggests nr term fall fm 1.25
81 has ended at 1.2454 n gain to 1.2542 is seen.

Turn long on dips n exit on upmove as 1.2555/60
wud cap upside. Below 1.2473 aborts, risks 1.2454.

[B]STRATEGY :[/B] Buy at 1.2490

[B]OBJECTIVE :[/B] 1.2540

[B]STOP-LOSS :[/B] 1.2465

[B]RES :[/B] 1.2507/1.2541/1.2586

[B]SUP :[/B] 1.2462/1.2454/1.2422

[B]DAILY USD/SGD OUTLOOK - 1.2529
10 Oct 2013[/B] [I]03:31GMT[/I]

Present rise abv y’day’s high at 1.2526 suggests
early pullback fm 1.2586 has ended at 1.2454 n up-
side bias remains for a re-test of said res.

Buy at market with stop as indicated n only below
1.2499 aborts n risks weakness twds 1.2462.

[B]STRATEGY :[/B] Buy at market

[B]OBJECTIVE :[/B] 1.2580

[B]STOP-LOSS :[/B] 1.2505

[B]RES :[/B] 1.2541/1.2586/1.2600

[B]SUP :[/B] 1.2499/1.2462/1.2454

[B]DAILY USD/SGD OUTLOOK - 1.2428
15 Oct 2013[/B] [I]23:40GMT[/I]

Y’day’s breach of 1.2422 (Sep) to 1.2407 signals
the eratic decline fm Aug’s 13-mth peak at 1.2862
has resumed n further weakness to 1.2389 is seen.

Sell on recovery with stop as indicated, abv wud
risk stronger rebound to 1.2497 b4 down.

[B]STRATEGY :[/B] Sell at 1.2450

[B]OBJECTIVE :[/B] 1.2390

[B]STOP-LOSS :[/B] 1.2480

[B]RES :[/B] 1.2450/1.2477/1.2497

[B]DAILY USD/SGD OUTLOOK - 1.2442
17 Oct 2013[/B] [I]02:48GMT[/I]

Although usd has rebounded fm Tue’s 1.2408 low n
consolidation is seen, as said move signals fall fm
Aug’s 1.2862 top has resumed, downside bias remains

Trade fm short side with stop as indicated n only
abv 1.2497 wud abort bearishness, risk 1.2525.

[B]STRATEGY :[/B] Short at 1.2450

[B]POSITION :[/B] Short at 1.2450

[B]OBJECTIVE :[/B] 1.2390

[B]STOP-LOSS :[/B] 1.2480

[B]RES :[/B] 1.2477/1.2497/1.2525

[B]SUP :[/B] 1.2408/1.2389/1.2361

[B]DAILY USD/SGD OUTLOOK - 1.2374
25 Oct 2013[/B] [I]03:05GMT[/I]

Despite usd’s rebound fm 1.2343 to 1.2407, subse
quent retreat suggests recovery is over n downside
bias remains to re-test said low, break, 1.2311.

Sell on pullback with stop as indicated n only
abv 1.2433 wud abort n risk retrace. to 1.2445.

[B]
STRATEGY :[/B] Sell at 1.2400

[B]OBJECTIVE :[/B] 1.2350

[B]STOP-LOSS :[/B] 1.2420
[B]
RES :[/B] 1.2407/1.2433/1.2445
[B]
SUP :[/B] 1.2343/1.2311/1.2268

[B]DAILY USD/SGD OUTLOOK - 1.2362
28 Oct 2013[/B] [I]05:01GMT [/I]

Usd’s retreat fm last Wed’s 1.2407 high signals
erratic fall fm 1.2862 has possibly resumed n below
1.2343 low (Wed) wud extend to 1.2311 later.

Sell on recovery with stop as indicated n only
abv 1.2433 aborts n risks retracement to 1.2465.

[B]STRATEGY :[/B] Sell at 1.2385

[B]OBJECTIVE :[/B] 1.2315

[B]STOP-LOSS :[/B] 1.2410

[B]RES :[/B] 1.2407/1.2433/1.2465

[B]SUP :[/B] 1.2343/1.2311/1.2268

[B]DAILY USD/SGD OUTLOOK - 1.2574
18 Dec 2013[/B] 03:17GMT

Usd’s firmness after early breach of 1.2570 sug-
gests upmove fm 1.2343 (Nov) remains in force n fur
ther gain to 1.2603 is seen after consolidation.

Buy on dips with stop as indicated, below wud
risk stronger pullback but 1.2472 sup wud hold.

[B]STRATEGY :[/B] Buy at 1.2540

[B]OBJECTIVE :[/B] 1.2600

[B]STOP-LOSS :[/B] 1.2510

[B]RES :[/B] 1.2583/1.2603/1.2617

[B]SUP :[/B] 1.2523/1.2472/1.2426

[B]DAILY USD/SGD OUTLOOK - 1.2716
07 Jan 2014[/B] [I]06:28GMT[/I]

Usd’s breach of Dec’s high at 1.2698 signals er
ratic upmove fm 1.2343 (Oct) has resumed n upside
bias wud be seen for gain to 1.2731 n 1.2758 later.

Buy on dips with stop as indicated, below wud
signal temp. top has made n risk 1.2645.

[B]STRATEGY :[/B] Buy at 1.2695

[B]OBJECTIVE :[/B] 1.2750

[B]STOP-LOSS :[/B] 1.2670

[B]RES :[/B] 1.2731/1.2758/1.2766

[B]SUP :[/B] 1.2673/1.2645/1.2618

[B]DAILY USD/SGD OUTLOOK - 1.2728
29 Jan 2014[/B] [I]00:31GMT[/I]

Dlr’s weakness vs Asian peers due to rebound in
emerging market currencies Tue suggests decline fm
last Fri’s 4-mth top at 1.2830 wud head to 1.2678.

Venture selling for this move but 1.2651 wud hold
n only abv 1.2756 (NY) risks 1.2774 b4 down.

[B]STRATEGY :[/B] Sell at market

[B]OBJECTIVE :[/B] 1.2678

[B]STOP-LOSS :[/B] 1.2758

[B]RES :[/B] 1.2756/1.2774/1.2820

[B]SUP :[/B] 1.2709/1.2684/1.2631

[B]DAILY USD/SGD OUTLOOK - 1.2692
11 Feb 2014[/B] [I]06:20GMT[/I]

Usd’s rebound from Fri’s 3-wk low at 1.2662 to 1.2709
yesterday signals recent fall has made a temp. low,
as long as 1.2719 holds, downside bias remains.

Sell again n only a daily close above 1.2719 risks
correction toward 1.2742/43. Below 1.2662, 1.2645/50.

[B]Daily USD/SGD OUTLOOK - 1.2673
24 Feb 2014[/B] [I]03:46GMT[/I]

As USD has rebounded after a retreat from 1.2692 to
1.2662 in NY, up move from 1.2582 to retrace decline
from 1.2830 (Jan) to extend twd 1.2706 (50% r) later.

Hold long for this move n only below sup area at
1.2637/43 would risk stronger pullback to 1.2615/20.